Respuesta :
Correct answer choice is:
B. Budget for your needs before your wants.
Explanation:
Follow these measures to establish a regular budget plan into effect.
- Figure out your expenditures. Your first order of sales is figuring out precisely how much you're paying each month.
- Manage your assets.
- Estimated savings and mortgage payoff purposes.
- Track your spending and mark growth.
- Be genuine.
The correct option is (A) budget for your needs before your wants.
Further Explanation:
Budgeting plays an important role so one should budget his needs before he wants. If a person does budgeting, then it is the best way to track expenses. An individual should make budget according to his needs and income.
BUDGETING
Budgeting helps individuals in ensuring the funds availability. It helps a person to set short-term goal which is considered to be as a crucial step to map out individual’s financial plan. Financial planning helps an individual to make ‘financial decisions’ and when an individual has a financial plan, then it’s easier to meet his goals.
There are many reasons why ‘budgeting’ is important like one can manage his income more effectively. If an individual makes a financial plan, then he can save money which can be beneficial in his difficult times
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Answer Details:
Grade: High School
Chapter: Budgeting
Subject: Social Studies
Keywords: budgeting, needs, wants, funds availability, short-term goal, financial planning, income, expenses
